Banks and car companies aim to boost year-end performance with the unconventional strategy of "0" combination to attract car loan customers.

"0 down payment", "0 interest rate", "0 new exchange".... Under the influence of many favorable policies, the competition in the car finance market is becoming more intense. A reporter recently visited several car 4S stores in Beijing and found that banks, car finance companies, and other financial institutions are taking advantage of the peak season for car sales, joining hands with traditional and new energy car manufacturers to reduce the cost of buying a car and simplify the loan process, seizing the car finance market. In the fierce competition, the market has even seen unconventional financial plans such as "0 down payment + 0 interest rate". "December is a key month for boosting sales volume, and car companies will work together with financial institutions to increase the incentives for car consumption," several car 4S store salespeople told reporters. In fact, it is not a new practice for banks to make a year-end push for car loan business, but this year's efforts are particularly noticeable. A relevant person in charge of a state-owned bank admitted to the reporter that this move by banks is not only a need to boost their own performance but also a strategic layout to respond to changes in the credit market.